According to the recent research report titled ‘North America Orthopedic Devices Market Forecast 2027 By Product, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’ available with MarketStudyReport, North America orthopedic device market is expected to cross USD 29.2 billion in valuation by 2027.

With mounting demand for knee replacement surgeries, rising focus on developing cutting-edge technologies to produce high-end shoulder, hip, knee, and ankle implants, growing awareness among consumers, and supportive government investments are some of the major drivers influencing the North America orthopedic device market growth.

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Additionally, growing geriatric population is a major factor driving the adoption of orthopedic equipment in the region. Orthopedic operations are critical for senior people with bone diseases because they assist them enhance their quality of life.

Medical practitioners can also fix damaged bone joints with the use of metal or plastic implants. Furthermore, as the frequency of osteoporosis among adults aged 65 and uprises, demand for joint reconstruction orthopedic devices would rise.

The North America orthopedic device market is divided on the basis of product type, and regional analysis. By product type, the market is segregated into joint reconstruction devices and spinal devices, of which the former is further divided into knee replacement, hip replacement, ankle replacement, shoulder replacement, and others.

Spinal devices, meanwhile, is segmented into arthroscopic devices, orthobiologics, and trauma fixation devices.  The report states that spinal devices accounted for 19% market share in 2020 and is expected to have steady growth through the forecast duration. Correcting abnormalities, forming a fusion between two vertebrae, and enhancing the strength of the spine are just a few of the advantages of employing spinal implants, thereby fueling the segmental share.

The regional analysis of North America orthopedic device industry spans U.S and Canada. Among these, Canada orthopedic devices industry is predicted to record a CAGR of 4.8% up to 2027. Increasing frequency of orthopedic disorders, improving healthcare infrastructure, and growing demand for advanced orthopedic devices are complementing the business dynamics in Canada.

The leading companies operating in the North America orthopedic device market are   Waldemar Link GmbH & Co. KG, Medtronic plc, Zimmer Biomet, TriMed Inc., DePuy Synthes, Stryker Corporation, Globus Medical Inc., NuVasive Inc., Microport Scientific Corporation, Smith & Nephew plc, Integra LifeSciences, Conmed Corporation, ConforMIS Inc., B. Braun Melsungen AG, Arthrex, Alphatec Spine Inc., and aap Implantate AG.